Central check clearing system

Details Central check clearing system Central check clearing system

G - Physics

07

F

G07F 7/08 (2006.01) G06F 15/30 (1990.01)

Patent

CA 2107978

ABSTRACT A central check clearing association by which different member banks and financial institutions can each settle debit and credit balances with respect to other member institutions on a predetermined periodic basis and methods and systems by which the association is operable. The system and method is independent of conventional central bank district geographic and institutional boundaries and time zones.

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